00:00 Speaker A
One question you raised Eric, which I think is interesting. you ask, what if large language models aren’t as scalable as advertised? That that’s that’s a good question. What would happen, Eric? I mean, think through that. Who would be, I mean, who would be most exposed?
00:15 Eric
Well, in that case, you’re going to see a huge negative impact to the public market because the public market to me right now is completely tied to two key aspects of AI today, which is the large language models and the chip producers. That is all geared around sort of the same general theme. In the private markets, AI diversification is much wider because you’re sort of seeing AI agents and AI powered startups which are getting funded by private venture capital businesses. So much more diversity there. But if the LLM’s are not as advertised or not bringing, I mean what let’s step back. What’s the public market telling us with the LLM providers? They’re telling us that this is going to develop in such a way that their revenue is going to be a juggernaut and that companies are going to be willing to pay for that service because they’re going to be generating enormous cost saves on the other end. If that transition doesn’t happen at the pace and the rate that the public market is expecting, we’re going to see a huge pullback on those stocks.